ACI Worldwide (NASDAQ:ACIW) Director Purchases $100,560.00 in Stock

ACI Worldwide, Inc. (NASDAQ:ACIW) Director Juan Benitez II bought 2,400 shares of ACI Worldwide stock in a transaction that occurred on Tuesday, March 3rd. The stock was bought at an average cost of $41.90 per share, with a total value of $100,560.00. Following the completion of the purchase, the director owned 16,881 shares in the company, valued at approximately $707,313.90. This trade represents a 16.57% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through this link.

ACI Worldwide Stock Performance

Shares of ACIW opened at $42.55 on Friday. The firm has a fifty day simple moving average of $43.00 and a 200 day simple moving average of $46.96. ACI Worldwide, Inc. has a 12 month low of $38.05 and a 12 month high of $57.49. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 19.61 and a beta of 1.07.

ACI Worldwide (NASDAQ:ACIW) last released its quarterly earnings data on Thursday, February 26th. The technology company reported $0.90 EPS for the quarter, missing the consensus estimate of $1.05 by ($0.15). ACI Worldwide had a net margin of 12.88% and a return on equity of 16.44%. The company had revenue of $481.60 million during the quarter, compared to analyst estimates of $465.20 million. During the same period in the previous year, the company posted $1.08 EPS. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. Research analysts forecast that ACI Worldwide, Inc. will post 2 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Weiss Ratings cut ACI Worldwide from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, ACI Worldwide presently has a consensus rating of “Moderate Buy” and an average price target of $60.00.

Institutional Investors Weigh In On ACI Worldwide

Several institutional investors and hedge funds have recently made changes to their positions in ACIW. Millennium Management LLC increased its holdings in ACI Worldwide by 160.4% in the first quarter. Millennium Management LLC now owns 157,816 shares of the technology company’s stock worth $8,634,000 after purchasing an additional 97,206 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of ACI Worldwide by 93.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,472 shares of the technology company’s stock worth $81,000 after buying an additional 711 shares in the last quarter. Caxton Associates LLP acquired a new stake in shares of ACI Worldwide during the 1st quarter worth approximately $259,000. Empowered Funds LLC increased its stake in shares of ACI Worldwide by 64.2% in the 1st quarter. Empowered Funds LLC now owns 16,362 shares of the technology company’s stock valued at $895,000 after acquiring an additional 6,399 shares in the last quarter. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of ACI Worldwide by 13.7% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 407,332 shares of the technology company’s stock valued at $22,285,000 after acquiring an additional 48,988 shares during the period. Institutional investors own 94.73% of the company’s stock.

ACI Worldwide Company Profile

ACI Worldwide (NASDAQ:ACIW) is a global software company that provides electronic payment and banking solutions to financial institutions, merchants and billers. The company’s platforms enable real-time processing of credit, debit, ACH, bill payments, faster payments and money transfers, as well as integrated fraud prevention services. Headquartered in Naples, Florida, ACI serves clients across banking, payments and commerce sectors worldwide.

ACI’s modular suite of applications can be deployed on-premise, in the cloud or in hybrid environments to meet diverse operational needs.